The fast answer is best . Thank you. Like like like. The manufacturer of smart printers is trying to decide what price to set for its product. The demand and cost function are assumed to be as follows: P = 80 -2Q TC= 160 +50Q-1.5Q ²a. What price should the company charge if it wants to maximize its profit in the short run? What is the optimal quantity for the printer following this optimal price? b. What price should it charge if it wants to maximize its revenue in the short run? What is the optimal quantity for the printer under this price? What will be the maximum revenue? 14:3231Document (1)AO OB IIVPN 40.0KB/SThe manufacturer of smart printers istrying to decide what price to set for itsproduct. Thedemand and cost function are assumedto be as follows:P = 80-2QTC= 160 +50Q-1.5Q ²a. What price should the companycharge if it wants to maximize its profitin the short run? What isU2805the optimal quantity for the printerfollowing this optimal price?b. What price should it charge if it wantsto maximize its revenue in the short run?What is the optimal quantity for theprinter under this price?What will be the maximum revenue?A:- - -|||

As given Demand : P = 80 -2Q Total cost = 160 + 50Q - 1.5Q2 For profit maximization, Profit =…

Answered: The manufacturer of smart printers is…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The fast answer is best . Thank you. Like like like.

The manufacturer of smart printers is trying to decide what price to set for its product. The
demand and cost function are assumed to be as follows:
P = 80 -2Q
TC= 160 +50Q-1.5Q ²
a. What price should the company charge if it wants to maximize its profit in the short run? What is
the optimal quantity for the printer following this optimal price?
b. What price should it charge if it wants to maximize its revenue in the short run?
What is the optimal quantity for the printer under this price?
What will be the maximum revenue?

14:32
31
Document (1)
AO O
B I
I
VPN 40.0
KB/S
The manufacturer of smart printers is
trying to decide what price to set for its
product. The
demand and cost function are assumed
to be as follows:
P = 80-2Q
TC= 160 +50Q-1.5Q ²
a. What price should the company
charge if it wants to maximize its profit
in the short run? What is
U
280
5
the optimal quantity for the printer
following this optimal price?
b. What price should it charge if it wants
to maximize its revenue in the short run?
What is the optimal quantity for the
printer under this price?
What will be the maximum revenue?
A
:
- - -
|||

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